Doha, Qatar: Commercial Bank, one of the leading full service banks in Qatar, has enhanced its package for customers who transfer their salary to the Bank.
Qatari customers who earn over QAR 25,000 (or expatriate customers earning over QAR 35,000) can qualify for Commercial Bank's Sadara Privileged Banking service. With exclusive offers, highly competitive rates and access to a dedicated expert Relationship Manager, Sadara offers a VIP banking relationship to qualifying customers.
Commercial Bank Sadara members receive a free Harrods Black Card upon registration (10% discount at Harrods in London), and a free for life Visa Infinite Credit and Visa Platinum Debit Card. The Bank also guarantees to match existing lending rates to customers when they transfer their loans to Commercial Bank. For a limited period, this offer, excluding the Visa Infinite Credit Card, is available to customers earning over QAR 15,000 per month.
Commercial Bank is also offering all customers earning over QAR 7,500 per month (and who transfer their salary) a free return trip to Dubai, and the offer of 4.99% for new Personal Loans and 2.22% (flat) for new Vehicle Loans.
Commercial Bank's Head of Sadara Privileged Banking, Bouchra Sebbata said: "Commercial Bank is committed to serving the banking needs of valuable customers by offering them a banking relationship that comes with VIP treatment. Both our existing customers and those who move their salaries to Commercial Bank can now enjoy a range of enhanced benefits and new offers that match their income. Customers who qualify for Sadara Privileged Banking will receive premium banking services with their own dedicated relationship manager."
Sadara is Commercial Bank's premium banking service. Each Sadara customer is offered as standard:
Priority service, including:
− A dedicated relationship manager who knows and looks after each client personally
− Priority Sadara telephone line
− Access to Sadara lounges across the GCC
− Airport Lounge access to over 450 lounges worldwide
− Global concierge service
Preferential Products and Rates, including:
− Rate match for new customers with existing loans from other banks
− Visa Infinite Credit and Visa Platinum Debit Card, offering Harrods black tier access (with 10% discount and welcome gifts)
− Exclusive Savings products such as our Elite Bonus Saver, offering our most valuable customers the best rates
− Free international money transfers
− Mortgages (tailored property finance for investing in commercial and residential property, including building or buying a home)
− Flexible Wealth Management and insurance services
For more information about the many exclusive benefits that come with being a Sadara member, please call +974 4449 5777 or visit www.cbq.qa/sadara
For more information, please contact:
Qatari media
Mona Abdallah
Head of Corporate Communications
Commercial Bank
Tel: +974 4449 0169
Email: m.abdallah@cbq.qa
About Commercial Bank
Commercial Bank has total assets of QAR 113 billion as at 31 December 2013. As a full service commercial bank, the Bank offers a full range of corporate, retail and investment banking services as well as owning and operating exclusive Diners Club franchises in Qatar and Oman. The Bank's countrywide network includes 33 full service branches and 154 ATMs.
Profitable every year since incorporation in 1975, continual investment in technology and human capital, together with a strong capital base, provides a solid foundation for continued growth. A successful diversification strategy has expanded Commercial Bank's GCC footprint through strategic partnerships with associated banks, the National Bank of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE. NBO, the second largest bank in Oman with total assets of OMR 2.9 billion as at 31 December 2013, has 64 branches in Oman and one branch each in Egypt and in Abu Dhabi. UAB is headquartered in Sharjah, with total assets of AED 21.5 billion as at 31December 2013, and operates 25 branches across the emirates in the UAE. Building on the successful execution of the Bank's expansion strategy to date, Commercial Bank completed the acquisition of a majority stake in Alternatifbank in Turkey in July 2013.
Commercial Bank enjoys strong credit ratings of (A) from Fitch, (A1) from Moody's and (A-) from Standard & Poor's. The Bank is listed on the Qatar Exchange and was the first Qatari bank to list its Global Depository Receipts (GDRs) as well as bonds on the London Stock Exchange. Additionally, Commercial Bank's Swiss Franc bond issuance in December 2010, listed on the SIX Swiss Exchange, was the first public bond issuance by a Qatari bank in Switzerland.
The Bank is dedicated to supporting Qatar's community and social infrastructure through Corporate Social Responsibility programmes and sponsorship of various events. Title sponsorship of the Commercial Bank Qatar Masters and the Grand Prix of Qatar Moto GP reflects the Bank's promotion of excellence in sports and its keen interest in enhancing Qatar's international sporting reputation. To reinforce Qatar's flourishing cultural environment, Commercial Bank is the strategic partner of the Katara Cultural Village. This collaboration symbolises the Bank's commitment to supporting cultural activities in Qatar and making the country a regional arts and cultural hub.
About Alternatifbank (ABank)
ABank was established in 1991 and has been listed on the Istanbul Stock Exchange since 1995. Commercial Bank became the majority shareholder in ABank in 2013 holding a 74.24% stake, following the acquisition of ABank shares of 70.84% from the Anadolu Group and 3.40% through a public tender offer. Anadolu Group remains a significant shareholder retaining 25% of shares in ABank.
ABank is a mid-size Turkish bank that predominately serves medium-sized companies through a country-wide network of 73 branches in 27 cities (as of 31 December 2013). ABank provides commercial/corporate banking services and products, with a special focus on the growing segment of Small and Medium-Sized Enterprises. The Bank's main product ranges cover trade finance instruments, working capital finance, cash management, and portfolio management. The Bank has also recently made a strategic decision to re-enter Retail Banking, targeting the "mass affluent segment" in terms of customer profile with tailor made products.
At 31 December 2013, ABank had total assets of TL10.9 billion, total loans stood at TL6.7 billion, customer deposits of TL 4.7 billion and shareholders' equity of TL574 million.
wwweng.abank.com.tr
© Press Release 2014
